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South Central Iowa | That was the water freezes at 32 degrees thread... I remember, lol. It's all good!
I appreciate your reply and lots of points to take under consideration. I will admit, I don't buy defered months, I buy the front and roll. I like to exit around contract expiration and buy back in after it rolls down. It is kind of a difficult game of chutes and ladders. But most all of the months fill their roll gaps and ascending structure appears on the continuous even though it might not on the contract charts. That was definitely the case this year. A lot of contract charts, like May and July, were stagnant and sideways, but the continuous was ascending.
You are right though. I rolled out of March and straight to July and that was god awful stagnant. I blame myself for buying the carry of May. I gave up a whole month and about 15c or so.
I appreciate the comments about buying the carry, that is important and much better explained than my post! There are still issues with buying the front months as well anyhow. Bin space would be preferable. | |
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If you hedged next years crop, should that make an impact on what you actually grow?
